---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-002892"
form_type: "8-K"
ticker: "CPHC"
cik: "0001672909"
company_name: "Canterbury Park Holding Corp"
filed_at: "2024-02-02T23:59:59+00:00"
generated_at: "2026-06-06T09:57:46.518944+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Canterbury Park extends credit facility to Jan 2027, reduces borrowing limit to $5M

## Summary
- Maturity of $5M revolving credit line extended from Jan 31, 2024 to Jan 31, 2027.
- Maximum borrowing reduced from $10M to $5M under the Seventh Amendment.
- Mortgage on certain real property released; replaced with Negative Pledge Agreement.
- Debt service coverage ratio revised to not less than 1.20:1.00 quarterly trailing 12 months.
- No principal outstanding on the existing note at the amendment date.

## SEC filing metadata
- accession: 0001437749-24-002892
- form_type: 8-K
- ticker: CPHC
- cik: 0001672909
- company_name: Canterbury Park Holding Corp
- filed_at: 2024-02-02T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1672909/000143774924002892/0001437749-24-002892-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1672909/000143774924002892/cphc20240202_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-002892
- JSON: https://secwatch.observer/filing/0001437749-24-002892.json
- Plain text: https://secwatch.observer/filing/0001437749-24-002892.txt

## Key facts
- Material Agreements
  Canterbury Park Holding Corp amended Seventh Amendment Agreement with Bremer Bank, National Association valued at $5.0 million (effective 2024-01-31).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Bremer Bank, National Association
  - Value: $5.0 million
  - Effective: 2024-01-31
  source text: Canterbury Park Entertainment, LLC, (the “Borrower”), a Minnesota limited liability company and subsidiary of Canterbury Park Holding Corporation, a Minnesota corporation (the “Company”); (ii) the Company as Guarantor; (iii) Canterbury Park Concessions, Inc., a Minnesota corporation and subsidiary of the Company; and (iv) and Bremer Bank, National Association (“Bremer Bank”) entered into the Seventh Amendment Agreement (“Seventh Amendment”) to the General Credit and Security Agreement dated as of November 14, 2016, as amended (“Credit Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1672909/000143774924002892/0001437749-24-002892-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.